South32 delivered a stronger FY26 financial performance , with underlying revenue rising 7 per cent to USD 8.11 billion, reinforced by higher commodity prices and stronger operating performance. Within its aluminium portfolio, Brazil Aluminium and Hillside Aluminium recorded significant earnings...
Alcoa’s proposed acquisition of South32’s aluminium assets in Australia, Brazil and South Africa is an important development for the global aluminium industry, particularly for South Africa’s primary aluminium production. Aluminium Federation of South Africa (AFSA) CEO, Muzi Manzi, said, “On July...
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South32, hailing from Perth, Australia is a mining and metals company that declared on the 30 th of March, that there has been a delay in their possession of additional shares in Mozal aluminium from MCA Metals Holding GmbH (Mitsubishi). However, once the approval of the Competition Regulatory...
The primary aluminium segment of the global aluminium industry has remained quite eventful this week. LME aluminium cash bid price spiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne on 17 th February 2022. India’s NALCO aluminium ingot price has seen a surge of INR 5,400 per tonne to...
On 17 th February 2022, the mining and metals company, South32 with its headquartered in Perth, Western Australia reported a bumper first half with a 57% rise in revenue propelling profit surge, although the operational challenges remain. The diversified mining company booked pretax profit for the...
Some of the news that created a buzz in the global primary aluminium market this week included record aluminium pricing claimed by South32 for metal produced at its South African smelter Hillside. But the company struggled to clear a backlog of the metal due to port congestion in both South Africa...
South32 claimed record aluminium pricing for metal produced by Hillside, its South African smelter, but struggled to clear a backlog of metal due to port congestion in both South Africa and Mozambique, where it has a smelter. The company said it was working on alternate strategies to mitigate a...
South32, a diversified mining firm, is exploring solutions for securing green power at the Hillside Aluminium smelter in the Kwazulu-Natal (KZN) area of South Africa. Given the introduction of carbon border taxes and end-user demand for green aluminium, if South32 is unable to secure an inexpensive...
With its joint venture partner, Alcoa Corporation, South32 (S32) plans to reactivate the Alumar aluminium smelter (Brazil Aluminium). The first production is scheduled for the June 2022 quarter, with a maximum capacity of 447,000 tonnes per annum from its three potlines projected in the March 2023...
The globally diversified mining and metals company producing bauxite, alumina, aluminium among other commodities, South32 with its headquartered in Perth, Western Australia secured $1.4 billion (R22.5bn) in commitments from financiers until 2026, manifesting its new credit facility as a...
On Wednesday, December 1, Aluminium Bahrain B.S.C (Alba), the world’s largest smelter outside China, held its Board of Directors (BoD) meeting in person for Q4 2021. The meeting was conducted at the Alba Oasis Hall, following all the COVID-19 protocols and guidelines laid down by Bahrain National...
South32, a diversified mining and metal company, has kept its output estimate steady for the fiscal year 2022, based on the output in the first quarter. On Thursday, October 21, South32 informed that alumina output fell 10 percent Q-o-Q in the first quarter of FY2022 to 1.2 million tonnes, while...
The mining and metals company headquartered in Perth, Western Australia, South32 Ltd. worked out its right to acquire an additional 25% stake in Mozambique-based Mozal Aluminium, a drive that will increase its annual output by 15% from the smelter. South32 acquired the additional stake in the...
The leading aluminium producer Alcoa Corporation has tooled up on a project to restart an idled aluminium smelter in Brazil following the hike in aluminium prices to a 13-year high and Chinese output reduction. On 20th September 2021, the Pittsburgh headquartered aluminium producer and its partner...
South32 published results for the year ended 30 June 2021 (FY21).The Group reported revenue of US$6,337 million for the full year, an increase of 4% from FY20’s revenue of US$6,075. Underlying earnings before interest and tax (EBIT) increased to US$844 million, up 89% from US$446 million in FY20....
The world primary aluminium market has been eventful this week right from reporting a hike in the LME aluminium benchmark price to marking five successful decades of the Gulf Aluminium Industry. Both LME aluminium cash (bid) price and LME official settlement price increased this week starting at...
South32 Limited announced long-term energy supply agreement has been finalized for its Hillside Aluminium smelter. South Africa’s National Energy Regulator has approved a deal between Eskom Holdings SOC Limited (Eskom) and Hillside. The smelter will receive energy until 2031, under a tariff that is...
South32 Ltd announced a 3% quarter-on-quarter rise in aluminium production in the June quarter. Aluminium production stood at 246,000 tonnes in 4Q21. The aluminium output came in at 982,000 tonnes in FY21, from 986,000 tonnes in FY20. Hillside Aluminium saleable production decreased by 1,000 tonnes...
Mining company South32 published alumina production of 1.4 million tonnes in Q4 FY21, an increase of 17 per cent quarter-on-quarter. Alumina output was 5.36 million tonnes in FY21, compared to 5.26 million tonnes in FY20, up 2 per cent year-on-year. Worsley Alumina saleable production increased by...
South32 targets 50 per cent cut in its Scope 1 and 2 operational emissions by 2035, after announcing the sale of its South African thermal coal assets with mining group Seriti Resources. “We are sustainably reshaping our business for a low carbon future by increasing our exposure to base metals. We...
